Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the preparation of nitro-substituted aromatic compounds. Its bromomethyl group allows for easy functionalization through nucleophilic substitution, making it valuable in building complex organic molecules. Commonly employed in the development of dyes and fluorescent probes due to the presence of the nitro and methoxy groups, which influence electronic properties. Also utilized in research settings for the preparation of nitrobenzene derivatives with potential biological activity.